Comprehensive Report: Travel and Tourism Sector Growth and Analysis

This report provides a comprehensive analysis of the travel and tourism sector, focusing on the UK market. It examines the sector's growth, development, and the impact of various factors, including economic policies, political changes, and consumer demands. The report delves into the influences on local travel and tourism, the implications of political changes in different countries, and the factors influencing tourism demand. It also explores the impact of these factors on companies like TUI and their consumer satisfaction. Furthermore, the report evaluates the environmental, social, and economic impacts of tourism, proposing strategies to mitigate negative effects and enhance positive ones. The report includes findings, analysis, and recommendations for managing the tourism sector effectively. It also includes the application of methods, facilitating findings, critical analysis, and demonstrates convergent, lateral, and creative thinking.

TRAVEL AND TOURISM
SECTOR

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
TASK 2............................................................................................................................................1
2.1...........................................................................................................................................2
2.2 influences of local travel and tourism sector..................................................................10
2.3 Article on implication of political changes in travel and tourism in various countries..11
TASK 3..........................................................................................................................................12
3.1 Identifying factors influencing demands for tourism.....................................................12
3.2 Explaining the changes affect TUI in consumer satisfaction.........................................13
TASK 4..........................................................................................................................................13
4.1 Evaluating Favourable and unfavourable environmental, social and economic impacts13
4.2 Strategies that will lower down the negative impacts and enhances positive impacts for
travel and tourism.................................................................................................................16
M1 Identification of the strategies to resolve problems.......................................................16
M2 Application of the accurate methods..............................................................................16
M3 Facilitating the various method of findings...................................................................17
D1 Critically analysing the report........................................................................................17
D2 Responsibilities of managing the organisation...............................................................17
D3 Demonstrating the convergent lateral and creative thinking..........................................17
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................19

INTRODUCTION
There have been drastic changes in the travel and tourism sectors over these years.
Hence, in UK there has seen tremendous increase in numbers of visitors every year such as 37.6
million overseas residents in 2016 which in turn have spent £22.5B. Thus, it can be said that,
tourism from the past decade has become fastest growing business as well as it has given
immense employment opportunities for people. In the present report, there will be study based on
the growth and development in the tourism sector as well as the changes have been adopted by
various countries and governments. This report will also highlight various factors which are
influencing the demands for these businesses and the various rules and regulation which are
made by UK government in context with developing the travel industries.
TASK 1
Enclosed in poster and leaflet diagram
1

TASK 2
2

2.1
3

4

5

6

7

8

9

10

2.2 influences of local travel and tourism sector
The economic policies which are distracting the large numbers of tourisms industries
such as higher exchange rates, taxes and various laws which are good but sometime become
hectic for travellers to understand them. Hence, there are some example of the local or central
economic policies which are influencing tourism firms such as:
Local Economic policies: In accordance with developing the local economy the TUI
Group is planning to invite the large numbers of business clients from various nations as well as
from China. Hence, which in turn helps them to analyse and seek the requirements in the UK
market as well as they can be able to make their operational decisions. Thus, it will be fruitful for
the local political bodies to provide new employment opportunities for the residents as well as
they can have new technologies and business chains in the area. They can be able to handle the
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business relevant with Chinese restaurants, Automotive industries as well as various shops or
material will be imported from such countries.
Central Economic Policies: TUI Group is running as the best travelling agency in the
country which are also facilitating the favourable amount of contribution to the British economy
as well as also giving best travel experiences to its clients which in turn inviting more tourists
towards the nation. Thus, there has been various impacts of the political changes over such
travelling industries like due to infrastructure facilities in the particular nation, visa and
immigration policies, currency exchange rates and the various public or private industries.
2.3 Article on implication of political changes in travel and tourism in various countries
In order with various implications on the travel and tourism industries there has been use
of several influences of various factors which are relevant with the internal environment of the
nation. Hence, in accordance with the Gulf countries like Dubai, Iran, Iraq and Seriya the
numbers of traveller used to visit Dubai in compare with the rest of the other countries. Thus, it
is because or terrorism and the negative image of such nations in the world. Hence, these places
are also denoted as the war zone and local residents at such locations are continued to face such
terrorist’s attacks from many years (Yang, Mueller and Croes, 2016). Thus, such condition of
these countries has reduced the economic level as well as people started moving from such
places to other safer place.
On the other side China is the nation which is total different in the culture, language and
In economy. Hence, if the traveller wants to visit such places thy will require a agent or the tour
guide which make it easy for them to experience the travelling. Thus, If the tourist in not able to
afford a tour guide than they started depending over technologies and the devices in which
various site in China are blocked or band so it will create the mess for their survival at such
places (Nasiri Hendeh Khaleh, Hadavi and Zamani, 2016). However, apart from such nations it
can be said that UK is quite safe place from the terrorism and they will also have better
economy. Thus, there is influence of various community in the local markets such as large
numbers of Indians, Russian, European as well as Chinese residents so it has influences of
various culture and traditions so it will never be hectic for a traveller to make the tour at such
place.
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TASK 3
3.1 Identifying factors influencing demands for tourism
In accordance with managing the travel and tourism sector industries there is need to
understand as well as make the favourable balance between demand and supply which they
deliver to the travellers. Thus, demand for such firm denotes that the numbers of consumers
wanting to visit the specific location at the particular season or time. Hence, there will be several
factors which are affecting the demands for such travelling business such as:
Political Stability: The changing political rule and regulations in a country can affect the
level of tourism in such locations. Hence, it can be said that if a nation has the stable
governmental policies that there will be favourable numbers of visitors (Describe the main
factors affecting tourism demand, 2017). Thus, UK has One political influence that is the Crown
who has rights of handling all the major decisions in the country whether related to the economy,
employment, business and trade etc. thus, positive image of the nation will help them in
gathering the large numbers of visitors.
Economy: A sound economy attract various investors in the country which helps in
increasing the FDI as well as introduce new businesses which promotes trade and finance in the
such locations (Kim, Prideaux and Timothy, 2016). Hence, in context with tourists in such places
the economic stability helps the country in having good revenue through various hotels and
accommodation facilities which are better due to good economic conditions.
Interest rate inflation: If the inflation occurred than it impacts over the unemployment as
well as sudden raise in the prices of the products and services. Hence, it will negatively affect the
demands in tourism sector (Pappas and Apostolakis, 2016) Thus, the country will not be able to
attract favourable numbers or visitors which in turn influence economy.
Demography: Variations in age, and physical difference has direct impacts over the
interest of travelling in every individual. There will be difference in the opinion, preferences and
the choices of the people. Hence, most of the youngsters likes to travel at adventurous places,
families like to visit the resorts and theme parks etc. thus, such difference has influence the
demand in travelling industries (Tsui and Fung, 2016)
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Currency exchange rate: To fulfil the needs finance while in travelling time there will be
variation in the exchange rates. Thus, if the country has frequency fluctuating currency rates than
it will be mess for the travellers to have better rates as well as they will be going to face
difficulties in the foreign countries (Nasiri Hendeh Khaleh, Hadavi and Zamani, 2016).
Technology: In accordance with the level of technology the country has which in turn
helps the consumers in applying online booking (Yang, Mueller and Croes, 2016). Thus, these I
turn helps travellers in fetching the information relevant with timings and process of the tickets
in railways and aircraft as well as they can be able to analyse the rate in accordance with their
budgets.
3.2 Explaining the changes affect TUI in consumer satisfaction
By considering the various demand factors the supply offered by TUI Group has been
affected in the positive manners. Thus, the professionals in company tend to develop the
workforce which will have to deal with the client at several places. Thus, in order to attract the
large numbers of investors in this firm as well as invite the maximum numbers of tourists
(Horner and Swarbrooke, 2016). There is need to make improved quality in delivering services.
Thus, they implement strategic decision about deciding the tours and packages. Hence, in
accordance with the consumers preferences and choices Industries need to design the services.
To have the managed supplied in the organisation which will be helpful in meeting the
demands of consumers on the right time. Thus, there are several provisions which are meant to
be operated and managed by the professionals such as appropriate accommodation facilities,
quality of services, better technical influences as well as sustainability of meeting the targets.
Similarly, in relation with the operations of Thomson/TUI it can be said that these organisations
are managing the operational activities in terms of making suitable gains in due period. It has
affected positive increment in revenue generations as well as efficiency of firm.
TASK 4
4.1 Evaluating Favourable and unfavourable environmental, social and economic impacts
Positive impact on economic, environmental, social with reference to tourism
As the name of the brand itself says that its TUI tourism company, the company has been
renowned in the field. It has its prominent market capitalization in Cyprus. Now, it is planning to
offer the holiday packages to Spain and Turkey. The offer is quite good as it shows the
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company's positive economic impact. The firm has wider tax benefits and also economic
benefits. Its figures are increasing day by day. Also, dealing with the social benefit, we may able
to cope up with that people love to travel with this company because of its brand name and
people also gets attracted to the lucrative packages which is reach of many individuals. As such,
company is able to generate more and more revenue (Economic, Environmental and Social
Impacts of Tourism, 2015). Now, dealing with the environmental impact which is utmost
important to company as it should keep in mind the nature in mind of the society. Nature is also
essential to the residents as it ensures that it does not harm their environment. TUI company
takes this initiative to its first priority because it cannot destroy the beautiful nature with the
intention to earn profits at the cost of diminishing the valuable nature. The holiday offer of
turkey and spain looks good as regards company and is useful for customer to stay a leisure time
with their families at low cost.
Negative impact on economic, environmental, social with reference to tourism
The company offering and organising its holiday tour to lavish cities like Spain and
Turkey is worth mentioning that it is purely for-profit purpose and no social benefit is applicable
to it. At times, when the customer takes this offer, its adds more to the cost of it because the
expenses exceeds their disposable income. The cost of the tour is more likely to make consumers
fool as it is not within the reach of every individual. As such, economic impact is not good as it
adds more to cost which people can't afford. Next, there is negative impact on environmental
factor because in the greed of earning more revenue, the company destroys the nature to its much
extent (Nisthar and Vijayakumar, 2016). Nature is valuable to every country and can't be
destroyed like that. They set up huge offices which in turn leads to deforestation which results in
low rainfall in almost every part of the country. Now, taking on impact on society which results
into low income of the customers who are lured to high cost packages. Its demolishing their
much-earned income of utmost struggles. Customers spend their valuable income to these
companies. Social aspect is ignored as such, it leads to more cost to customers and maximising
revenue to the firm. The company should keep their packages cost must be low to some extent so
that people can be benefited and can go on holiday at relevant and at low cost within their stated
budget.
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However, there has been various examples of the positive and negative impacts of the
various factors which are listed below in the tables such as:
Basis Positive Impacts Negative impacts
Economic  Direct and indirect
income, labour.
 Multiplier effects,
 Contribution to gross
national product
 Influences over the
growth of other sectors
in economy
 Revenue generated by
government with the
help of foreign
exchange.
 Leakages
 Inflation
 Seasonality and
 over dependency
Environmental  Conservations and
enhancing the natural
areas
 development of historic
a cultural site,
 improvements in the
infrastructure
 increment in te
environmental
awareness in tourists
and citizens
 Pollution of water, air,
soil
 Damage to the natural
environment and
wildlife.
 Increment of wastage
 scarcity of resources
like trees, water and
plants
Social  Development of cross-
cultural exchanges and
promote educational
 Increment in the
population,
overcrowding
 increasing stereotyping
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level.
 Conservation and
preservation of the
cultural heritages.
and loss of amenity
 Commercialisation of
the culture and
tradition.
 Losses in authenticity.
4.2 Strategies that will lower down the negative impacts and enhances positive impacts for travel
and tourism
In order to minimise the negative impacts of such economic, environmental and social
factors which in turn are affecting the demands of travellers in the TTM industries like TUI
Group. Hence, in context with lowering down the impacts of such factors there is need to make
the effective decision making in relation with attracting the large numbers of clients. Hence,
organisation need to focus over the internal environment of a nation as well as design the
package or tours for the company (Pavesi, Gartner and Denizci‐Guillet, 2016).
The positive influences in the organisation as to have adequate control over the costs and
financial system which will be helpful in upbringing the business performance. Thus, the
appropriate control over the internation activities which will result in covering the negative
influences such as poor managements of operations, environmental damages. It brings the
consciousness among professionals as to have increment in the social, political and natural
environment. There will be rise in the corporate social responsibilities of the business that will be
adequate for the internal control of the organisation.
For instance, the operational framework of TUI have balanced activities which in turn
will be effective as per analysing its social, political and environmental changes in the
operations. Therefore, the management of operations will have sufficient gains and balancing
activities in firm.
M1 Identification of the strategies to resolve problems
In accordance with making the adequate increment in the business operations of travel
and tourism sector there will be need of resolving all the obstacles in the premises. Therefore,
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there will be need to analyse the requirement of funds and finance for the business operations as
well as managing these sources for developing the industry at large level.
M2 Application of the accurate methods
There is need to analyse the sources of gathering the finds and making the appropriate
promotions of the industrial operations which will help in making the adequate increment in the
operations of the organisation. There are requirements of creating an unique identity in the
market so it will help them in attracting the large numbers of consumers.
M3 Facilitating the various method of findings
There will be requirements of the adequate numbers of funding in the business
operations. Therefore, it will help in making the successful industrial operations. These sources
are, owner's savings, revenue earned trough sales, governmental grants, bank loans etc. are the
sources through which the TUI will have the adequate amount of capital gains.
D1 Critically analysing the report
In terms with developing the operational functioning of the travel and tourism sector
there has bee ned of making the adequate improvements in the operations of the business.
Therefore, it can be said that there will be need to have having increment in the funding, sales
and revenue generation by the firm. Professionals must consider their corporate social
responsibility and make operations which will help the economy, environment and the social
factors.
D2 Responsibilities of managing the organisation
There is need to seek the available sources for funding, analysing the weaknesses and
loopholes in the operational activities. There is need to make the adequate increment in the
services facilitate by TUI. The costs on packages must be appropriate as it will be easily
affordable by consumers as well as profitable for the business.
D3 Demonstrating the convergent lateral and creative thinking
In terms of increasing the operational efficiency of TUI there is need to manage the costs
and expenses incurred by firm while facilitating the services to users. There will be need of
analysing the funds and finance to be required to perform the operational tasks. Thus, it can e
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said that with the help of such measurements the efficiency and profitability will reflect in the
growth of entity.
CONCLUSION
On the basis of above study which evaluated authenticate information and understanding
for TTM sector. Hence, in accordance with the various governmental policies and procedures in
UK as well as facilities offered by them to invite the maximum numbers of visitors are helping
the industries like TUI Group. Thus, there will be influence of various political economic factors
that affect the demands of travellers to a particular nation and travelling companies. Further, it
can be said that there will be positive and negative impact over the Environmental, social and
Political factors.
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